文章基本信息

标题：CORPORATE GOVERNANCE, CORPORATE SOCIAL RESPONSIBILITY AND BUSINESS PERFORMANCES. A GLOBAL PERSPECTIVE
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作者：Monica Violeta ACHIM ; Sorin Nicolae BORLEA ; Gabriela Monica MIRON 等
期刊名称：Economica
印刷版ISSN：1810-9136
出版年度：2017
期号：2
页码：9
语种：
出版社：Academy of Economic Studies of Moldova
摘要：The aim of this paper is to investigate the effects of corporate governance quality and corporate social responsibility on business performances of the companies around the world countries. Using a cross-sectional sample covering 77 countries over the period 2012-2015, our research provides empirical evidences that corporate governance and corporate social responsibility have a significant effect on the business performances. Moreover, we found that, this influence is more sharply felt on the market values of the companies which activate in developing countries compared to those from developed ones. The investors in developing countries pay a premium of 25.4% for the companies with effective corporate governance and 41.9% for the companies which adopt corporate social responsibility in theirs activities. This premium is slightly reduced for developed countries where it can be up to 24.5% of market capitalization.